New Jersey Increases Truck Insurance Minimum to $1.5M Starting July 1: Key Details from National Independent Truckers Insurance Company (NITIC)
The New Jersey Legislature has enacted a pivotal law that will significantly impact the trucking industry in the Garden State. Effective July 1, 2024, the owner or registered owner of a commercial motor vehicle weighing more than 26,000 pounds must carry a minimum of $1.5 million in liability insurance. The new state requirement for truckers…